NIFTY
day after NIFTY made a pull back high, the bears come back. NIFTY today closed below 9300, breaking 2 important support level of 9500 and 9300. And also closed breaking a long trend line support shown in blue line. in fibo number it retraced 23% and closed below that level.
Nifty is also weak according to option data. today there is almost negligible put writing and heavy call writing seen in weekly expiry. this shows bulls lack confidence week and bears getting strength.
it seems SGX NIFTY is also weak in its evening session.
let see what happens tomorrow.
Comment:
next support is 9100.
Comment:
NIFTY gapped up today but took support of the trend line and started going down. NIFTY is still weak. 9100 is support.